Fed Will Surpass China As Top Holder Of US Debt By The End Of The Month
November 4th, 2010Via: ZeroHedge:
What is certain is that on June 30, the Fed’s balance sheet will have $2.68 trillion (or more) in holdings, of which $1.77 trillion will be in Treasurys, compared to the $840 billion today. What is also certain is that the Fed will not be able to stop there. Which is why we have extended the projection period through January 2012. At that point the Fed will hold $2.6 trillion in US Treasuries, or roughly 25% of total US marketable debt at that point. And for those who collect now completely irrelevant statistics, the Fed will surpass China’s $868 billion in UST holdings before the end of November.
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Good luck for the new congress to change this situation http://www.youtube.com/watch?v=FY-6ltu4oAQ
From an email that I wrote to a Cryptogon reader re: the continuing Left/Right farce in the U.S.:
Might the lunatic snake handlers hasten collapse? I’m, perhaps, not as optimistic as you are on that, because I see the whole Tea Party thing as Hope and Change 2.0, controlled opposition, just like Obama was the answer to Bush.
The cycle is like this, really:
http://www.post-literate.com/gerpunx/archives/2005/01/prepare_to_lose_your_mind.php
That’s the U.S. political system. Take your pick.
Oh…
Oh well,
Kevin